As of close of business last night, Enlink Midstream LLC’s stock clocked out at $12.01, down -1.48% from its previous closing price of $12.19. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1745319 shares were traded. ENLC stock price reached its highest trading level at $12.27 during the session, while it also had its lowest trading level at $11.97.
Ratios:
To gain a deeper understanding of ENLC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 189.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 4.66 whereas as Long-Term Debt/Eq ratio is at 4.54.
On June 26, 2023, UBS started tracking the stock assigning a Buy rating and target price of $14.
Citigroup Upgraded its Neutral to Buy on March 09, 2023, while the target price for the stock was maintained at $13.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 23 when Rossbach Jan Philipp sold 50,000 shares for $12.32 per share. The transaction valued at 616,000 led to the insider holds 58,410 shares of the business.
Brooks Alaina K sold 35,023 shares of ENLC for $420,276 on Aug 11. The EVP, CL&AO, and Secretary now owns 465,486 shares after completing the transaction at $12.00 per share. On Aug 10, another insider, Brooks Alaina K, who serves as the EVP, CL&AO, and Secretary of the company, sold 40,210 shares for $12.05 each. As a result, the insider received 484,530 and left with 500,509 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENLC now has a Market Capitalization of 5.44B and an Enterprise Value of 10.01B. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.14, and their Forward P/E ratio for the next fiscal year is 16.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 5.42. Its current Enterprise Value per Revenue stands at 1.46 whereas that against EBITDA is 7.47.
Stock Price History:
Over the past 52 weeks, ENLC has reached a high of $13.98, while it has fallen to a 52-week low of $8.45. The 50-Day Moving Average of the stock is 12.16, while the 200-Day Moving Average is calculated to be 11.80.
Shares Statistics:
It appears that ENLC traded 2.19M shares on average per day over the past three months and 2.14M shares per day over the past ten days. A total of 451.61M shares are outstanding, with a floating share count of 226.52M. Insiders hold about 50.01% of the company’s shares, while institutions hold 45.77% stake in the company. Shares short for ENLC as of Jan 31, 2024 were 10.95M with a Short Ratio of 5.00, compared to 11.12M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.40% and a Short% of Float of 4.78%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.51, ENLC has a forward annual dividend rate of 0.51. Against a Trailing Annual Dividend Yield of 4.17%, it implies a Forward Annual Dividend Yield of 4.41%. The stock’s 5-year Average Dividend Yield is 11.78. The current Payout Ratio is 112.99% for ENLC, which recently paid a dividend on Feb 09, 2024 with an ex-dividend date of Jan 26, 2024. Stock splits for the company last occurred on Dec 18, 2006 when the company split stock in a 3:1 ratio.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.12, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.14, with high estimates of $0.18 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.77 and $0.54 for the fiscal current year, implying an average EPS of $0.62. EPS for the following year is $0.76, with 8 analysts recommending between $0.93 and $0.63.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $1.82B. It ranges from a high estimate of $1.84B to a low estimate of $1.8B. As of the current estimate, Enlink Midstream LLC’s year-ago sales were $2.34B, an estimated decrease of -22.20% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for ENLC’s current fiscal year. The highest revenue estimate was $11.06B, while the lowest revenue estimate was $7.18B, resulting in an average revenue estimate of $8.43B. In the same quarter a year ago, actual revenue was $6.88B, up 22.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $8.97B in the next fiscal year. The high estimate is $11.55B and the low estimate is $7.59B. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
